The cryptocurrency market settled into a holding pattern on May 25 after traders opted to sit on the sidelines ahead of the midday Federal Open Market Committee (FOMC) meeting where the Federal Reserve signaled that it intends to continue on its path of raising interest rates. According to data from Alternative.me, the Fear and Greed
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Amidst the ongoing bear market, altcoins have projected a varying picture or rather “wildly different behaviours.” Investors chose some tokens for their severe euphoria and/or profit-taking scenarios. On the contrary, others coins, despite the loss trajectory, showcased vital signs for a rally. At least that’s what investors/traders considered for identifying spots. Follow your heart A
JPMorgan has placed Bitcoin’s (BTC) fair price at $38,000, which is 28% higher than its current level of around $29,500, according to a note the bank issued to clients on Wednesday. “The past month’s crypto market correction looks more like capitulation relative to last January/February and going forward we see upside for Bitcoin and crypto
The China ban on Bitcoin mining back in 2021 had one of the greatest impacts on the space. On the back of this, the price of the digital asset had gone on a massive downtrend as the hashrate out of the mining capital of the world had dropped to nearly zero. However, less than one
At the time of writing, Bitcoin was trading at $29,379.94 after falling by 2.58% over the past 24 hours and decreasing by 3.10% over the week. Those using the opportunity to buy the dip while they can and stack sats should probably look up for a second as a new milestone was hit recently. Bitcoiners
The need for a clear, balanced concept of the issue was a constant theme at the panel discussion of crypto’s carbon footprint at the 2022 World Economic Forum. There was general agreement that there has been a rush to judgment on the consensus mechanisms of crypto mining and education, and careful policymaking can counteract it.
Digital asset investment products saw $141 million in outflows during the week ending on May 20, a move which reduced the total assets under management (AUM) by institutional funds down to $38 billion, the lowest level since July 2021. According to the latest edition of CoinShare’s weekly Digital Asset Fund Flows report, Bitcoin (BTC) was
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Chainlink is a decentralized network set up with the objective of extending the functionality of blockchains, by connecting smart contracts to real-world data, events, payments, and off-chain computation in a highly tamper-resistant and reliable manner. Whilst providing its Chainlink Adoption Update on May 22, it was revealed that between May 16 to May 22, a
Self-sovereignty is a core principle in the cryptocurrency space: Investors need to rely on a trustless, decentralized network instead of a central entity that has been known to devalue the holdings of others. One shortcoming associated with self-sovereignty, however, is inheritance. An estimated 4 million Bitcoin (BTC) has been lost over time and now sits
Author Robert Kiyosaki posted a disastrous prediction via his Twitter account and warned followers about buying Bitcoin. This could be one of the few ways to protect themselves against a potential upcoming global calamity. Related Reading | Bitcoin And Retirement: U.S. House Bill To Include Crypto On 401(K) Plans Renown for writing the personal-finance best-selling title
The Non-fungible Token (NFT) marketplace has suffered significantly with regards to sales in the month of May. According to the market tracker Nonfungible, USD sales figures dropped from over $60 million per day in early May to $25 million as of 20 May. Here’s the significance. The number of sales surpassed 100,000 per day at
The Bitcoin (BTC) chart has formed a symmetrical triangle, which currently holds a tight range from $28,900 to $30,900. This pattern has been holding for nearly two weeks and could potentially extend for another two weeks before price makes a more decisive movement. Bitcoin/USD 12-hour price at Kraken. Source: TradingView For those unfamiliar with technical
In the space of a few short years, former high-school dropout cashier from Sweden Carl “The Moon” Runefelt has been transformed into a top crypto influencer who shares videos of his life of private jets, supercars and million-dollar watches that inspire his followers and annoy his critics. Drawing from quantum physics, he has an explanation
Happy Bitcoin Pizza Day! Before you dial for a Margherita to commemorate the world’s first real-world Bitcoin transaction, here’s a slice of trivia: What do a family holiday to Japan, a 50 Cent album, a steak dinner, and a framed cat photo all have in common? They were all paid for with Bitcoin (BTC) by
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The buyers were finally able to ease the selling pressure by finding reliable grounds in the $18-$20 range. As the correction phase slackened on the chart, Axie Infinity (AXS) entered a tight phase between
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